TRUSTEES ANNUAL REPORT FOR THE PERIOD: 1° February 2024 to 31" January 2025 Charity Name: EVOLVE BOXING ACADEMY Rezlstor¢d Charity Number: 1173897 Charfty Address: UnFt 11. Corinium Busines5 Centre. Raans Road, Amersham. Bucks HP6 6FB Objects ofthe Charity The object of the CIO is the promotion of rommunity partlcipation in heafthy recreation for thè benefit of the Inhabitants of Amersham and Little Chalfont and the 5urroundirt8 Jrea by the provision of facilities for participation In Ihe amateur sport of boxin& Charlty Trustees Jonathan Lay Chair Deirdre Lay Secrfarynreasurer James Walker Gopinder Chahal Governanc• of the Charity c￿er51￿ht of the Acadèrny is provbded by tho trustees atK>ve conslst•ni with the Constitutbon of the Academy. The Academy Is 00. The Chairman and Secretarynreasur•r ar• actively involved in the manag&ment of the Academy. Trustees are clected by the members. Whilst unchan8ed for this period, at the time of writing two trustees have recently stood down and we have appointed one new trustee. As a 8oxin8 Academy thè H•ad Coach (Andy Gill) Is responsible for the developm*nt and mana8ement of the coachva and l)oxers. The Academy is affiliated to England Boxin8 and follows all rdevant 8uidelines provided. Objectives and Activities In Summary they are to provide an affordable Amateur Boxin8 AGryderny to benefit tho cornmunities surroundin% Arn•r3ham, Buckin8hafflshirL, consistent with the guldance provided by Eneland Boxing. The benefits which boxing can brin8 to the less advantag&d in sooety are well document￿ and understood. In the context of this year the obj•rtiv•s whith we have been workin8 to remain unchanged but frustratin8ly we have yet to rebuild adivity levels to those seen before the pandemic. (￿r objectives indude: MaintaininR an income stream through affordable membership. substrlptlons and sponsorship which matthe5 our operating costs Dev&lopin8 our cojthing staff to provide high quallty ttthnical boxln8 tuitlon to all Identifying and devcloping IQGII boxin8 talent Providing competition opportunities for Our England Boxing registered boxer5 Achlévements and Perforniance As noted above activity levels have not fully recovered to pre pand¥mic levels and remain broadly Ivvel with the previous yéar. We hav¥ potential to 8row wrth the facilitie5 we have. Crucially, thc amateur boxepi have recovered better than our boxfft das5e5 where the local mJrket for CrossFrt trainin8 remains very competitive. As our new 8roup of boxers h45 doveloped we have resumed competitive bouts at En&l3rtd Boxing shows and we w•re able to host our Evolvc d5nner show at the Crowne PIAza hotel in Marlow. The proceéds were relftv&sted in the club to fund a n¥w boxine rln8 and replacement of a number of ba85 Si8nificantly, wo have retained a 5tr0n£ Evolve family ethos which our l>oxer5 respect and value. At a more granular level: Financial In the current y•Jr our financial reserves have improved rnar8inally by arouftd £3k. The financial hiRhliRht was Our inaugural dlnnér %how. The flnan(iJl risk was underwritten by générous donations and the event was a financial Success. This wa5 crucial as we Continue to pay comrn*rcial rent on the unit. During the course of the year this did reduce from £2400/month to £2￿/month and we are currently ne8OtiatinK a new lease with rent levels unchanKed. Whilst year end reserves of j￿￿t under £1Sk are lower than we Would thoose, we ar* rea50nabty confident we can maintain adequaie reserves. We remain fortunate that we retain loni tarm financial Supporters of the academy. one of whom has recently becorne trustee. It remains important to note that our base income from 5ub5criptions still does not Ccmir the commercial rent we pay on the unit Inuoasln8 activity levels ￿MaInS our top priority for financial as well as boxing reasons. Trustees. mana8ernent team and staff are all unpaid volunteors. All reasonable exp•rtse5 clairned arc paid but this remairted low in the current y••r. Coothing and B￿n9 During th? period wé havo retained our head coach and have been supported by an additional level I coach. We can also Call on our retired amateur boxers so our coachin£ b•nch strensth is not of concern. We Corninue to Support coaches to 8el their EB qualifications. The highli8ht of our year was the Evofve dinner show and the boxin8 card was large￿ filled with Evolve boxers. It was a wonderful eveninA for our young and dÉvelopin8 boxers and will hopefully remain an annual event for us in th• future. Whilst outslde the scope of the academy and as noted in last years report som• of our experienced amateur boxers have turned prof•ssional with considerable success. They remain under the tutela8e of head coach Andy Gill and that association 15 dearly benoflcl?I to the academy. OF particular note is the approach we take to the development of our m05t promisin8 talcnt who now receiv& a much more iailored approach. Whi15t not unique to Evolvc. fow club5 are able to invest the Lime and expertise that we do. Equipment and Infra5tnthre With the support of our SPOnx>r5 and donation5 in pr•viou5 year5 wc already htJ UnroFbtrb¢iad furK R•6￿1¢1+d rKts to rn•r￿t lunds B1 Cuh luiMIs Cash HSBC Bwbt 14 S57 Tothl c•sh fun¢ts 14 651 fuThJs Furnl to whlch as¥•t Co•t (Op0￿1> Curr•nt val￿? lopli¢)nall Fund to whi¢h ••••t eo*t {optiw￿l PA A•••ts Mtalhed for th• H•alth&Safet 1 Boxin S bpinnin 17Pu 1 Rcmin 1 M￿1n• Rin Bik ui ui wIM¢h liability re (optio￿) BS u8￿1￿1•8 Siv￿d by OM orh Nan* e •p¢vov41 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlnerfs Report Report to the trusteesl members of EVOLVE BOXING ACADEMY On accounts for the year ended 31 ST JANUARY 2025 Charity no (if any) 1173897 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31.01.25 Responsibilities and As the charity trustees of the Trust, you a￿ responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Date: 2) 1 Independent examiner's ststement Signed: ZOL< Name: Rachel Rooker Relevant professional qualification(s) or body (if any): FCCA Address: Acumist Accounting Ltd 22a Lower Road, Chodeywood, Herts WD3 5LH IER October 2018 Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts". directions and guidan￿ for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018